After finishing at $28.88 in the prior trading day, Confluent Inc. (NASDAQ: CFLT) closed at $28.86, down -0.07%. In other words, the price has decreased by -$0.02 from its previous closing price. On the day, 3567373 shares were traded. CFLT stock price reached its highest trading level at $29.35 during the session, while it also had its lowest trading level at $28.07.
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Our goal is to gain a better understanding of CFLT by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 5.30 and its Current Ratio is at 5.30. In the meantime, Its Debt-to-Equity ratio is 1.46 whereas as Long-Term Debt/Eq ratio is at 1.46.
Upgrades & Downgrades
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 15 when Kreps Edward Jay sold 232,500 shares for $23.39 per share. The transaction valued at 5,437,868 led to the insider holds 0 shares of the business.
Volpi Michelangelo sold 637,268 shares of CFLT for $14,657,625 on May 05. The Director now owns 0 shares after completing the transaction at $23.00 per share. On Mar 21, another insider, Verbowski Chad, who serves as the Chief Technology Officer of the company, sold 5,949 shares for $22.58 each. As a result, the insider received 134,328 and left with 460,646 shares of the company.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CFLT now has a Market Capitalization of 6.85B and an Enterprise Value of 6.12B. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.48 while its Price-to-Book (P/B) ratio in mrq is 11.32. Its current Enterprise Value per Revenue stands at 9.65 whereas that against EBITDA is -12.90.
Stock Price History:
Over the past 52 weeks, CFLT has reached a high of $34.39, while it has fallen to a 52-week low of $16.48. The 50-Day Moving Average of the stock is 23.44, while the 200-Day Moving Average is calculated to be 24.06.
The stock has traded on average 3.39M shares per day over the past 3-months and 4.24M shares per day over the last 10 days, according to various share statistics. A total of 291.87M shares are outstanding, with a floating share count of 151.39M. Insiders hold about 0.40% of the company’s shares, while institutions hold 78.40% stake in the company. Shares short for CFLT as of Apr 27, 2023 were 16.01M with a Short Ratio of 16.01M, compared to 16.76M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 5.41% and a Short% of Float of 8.64%.
Its stock is currently analyzed by 22 different market analysts. On average, analysts expect EPS of -$0.06 for the current quarter, with a high estimate of -$0.04 and a low estimate of -$0.07, while EPS last year was -$0.16. The consensus estimate for the next quarter is -$0.05, with high estimates of -$0.01 and low estimates of -$0.09.
Analysts are recommending an EPS of between -$0.12 and -$0.24 for the fiscal current year, implying an average EPS of -$0.17. EPS for the following year is $0.11, with 22 analysts recommending between $0.23 and -$0.03.
20 analysts predict $182.42M in revenue for the current quarter. It ranges from a high estimate of $186.61M to a low estimate of $180.99M. As of the current estimate, Confluent Inc.’s year-ago sales were $139.41M, an estimated increase of 30.90% from the year-ago figure. For the next quarter, 20 analysts are estimating revenue of $193.61M, an increase of 33.70% over than the figure of $30.90% in the same quarter last year. There is a high estimate of $195.6M for the next quarter, whereas the lowest estimate is $191.2M.
A total of 22 analysts have provided revenue estimates for CFLT’s current fiscal year. The highest revenue estimate was $765.01M, while the lowest revenue estimate was $760.76M, resulting in an average revenue estimate of $763.11M. In the same quarter a year ago, actual revenue was $585.94M, up 30.20% from the average estimate. Based on 22 analysts’ estimates, the company’s revenue will be $975.96M in the next fiscal year. The high estimate is $1.02B and the low estimate is $942.5M. The average revenue growth estimate for next year is up 27.90% from the average revenue estimate for this year.